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Fly News Breaks for February 18, 2020
WD
Feb 18, 2020 | 06:46 EDT
JMP Securities analyst Steven Delaney downgraded Walker & Dunlop to Market Perform from Outperform. The analyst notes notes that the rating change is not a reflection of the company's past or expected performance, but after a 15.3% run-up in the stock price since its Q4 earnings beat and dividend hike earlier this month, he sees shares as "fairly valued". Delaney adds that Walker & Dunlop has made significant progress toward its 2020 goals, and the company is in position to achieve or exceed its targets.
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